Chairman of the Board
US Renewables Group
Lee Bailey is a founder and Managing Director of US Renewables Group (USRG), a private equity firm based in Los Angeles that invests in renewable power and clean fuel companies and projects. Prior to founding USRG, he was a partner with Rustic Canyon Partners, a venture capital fund based in Los Angeles, where he led their clean energy practice. Subsequent to the formation of USRG, Bailey continues with Rustic Canyon as an advisory partner on energy opportunities.
Bailey started his career as an attorney. In 1986, he became General Counsel for Energy Conversion Devices, Inc. (ECD; NASDAQ: ENER), a publicly traded renewable energy development company, serving in a number of senior management positions with ECD and its subsidiaries. In 1994, he was appointed founding director of the US Israel Fund, a $60 million joint US/Israeli government fund to commercialize technology in the areas of energy, information and biotechnology. In 1995, he was appointed the White House Director of International Science and Technology Commercialization initiatives for Russia, Egypt, Jordan, Israel and South Africa. In 1997, Bailey was the founding CEO of the Rural Health Care Corporation. In 2001, he joined Rustic Canyon Partners.
Bailey received his law degree from Washington University School of Law, an MS degree from Northwestern University and a BA degree from St. Lawrence University.
North American Development
John Breckenridge is the leader of the Bregal Energy North American Development Equity and Infrastructure team. Since joining Bregal Energy, previously known as Good Energies, he has made and managed investments in early stage companies, mid-sized industrial corporations and project development businesses across the Alternative Energy sector. His Bregal Energy portfolio responsibilities have included board memberships at Sage Electrochromics, Ice Energy, 3-Tier, Sequoia Energy, Solarfun Power and Solar Reserve, Atlantic Wind Connection and Champlin Energy, among others. He joined Good Energies from CCMP Capital Advisors (formerly known as J.P. Morgan Partners), where he served as Operating Partner and Managing Director in both Tokyo and New York. During his seven years at the firm, Breckenridge was responsible for investing in and leading many of the firm’s portfolio companies in the USA, Asia and Europe. While at CCMP, John led the management of investments in the renewable energy, traditional energy, industrial service, automotive, manufacturing and chemicals sectors, among others. He also provided guidance to western companies expanding into China or other Asian countries.
Prior to joining JP Morgan Partners in Tokyo, Breckenridge was Chief Operating Officer of Densei Lambda KK, a publicly traded Japanese corporation with 8 factories located around the world and over 4,000 employees. Before that, he was the leader of several large divisions of Invensys PLC and Exide Electronics in the US. Earlier in his career, he held engineering, sales and general management positions at AT&T and Strafor Facom SA. He holds a Bachelor of Science Degree in Mechanical Engineering from the University of Vermont.
Vincent P. Fandozzi
Seven Mile Capital Partners
Vincent Fandozzi is the managing partner of Seven Mile Capital Partners, having founded the firm in 2011. Seven Mile Capital Partners heritage originates from a core group of professionals that worked together at Citigroup, Inc. investing and managing a global portfolio of over $6.0 billion in assets and over 100 distinct private equity investments that spanned North America, Asia, Europe and the Middle East.
Prior to Seven Mile Capital Partners, Fandozzi was Global Head of Private Equity and Alternative Investments at Citi Holdings since 2009. Prior to this, he was Global Head of M&A for all of Citigroup’s corporate M&A activities. Before taking on an executive role at Citigroup, he spent 9 years in the Citigroup Investment Banks’ M&A group advising clients in a number of different industries including telecom & technology, retail & consumer products and the heath care sectors.
Prior to joining Citigroup, Fandozzi worked in Corporate Finance at Bear Stearns & Co. and at Ernst & Young.
US Renewables Group
Prior to joining US Renewables Group, Jim McDermott started his career as a public power banker with Credit Suisse First Boston’s Municipal Finance Group in New York City. Working in a variety of roles including new issue, refinancing, capital markets and derivatives, he covered several of CSFB’s clients in the western United States. Clients included Southern California Public Power Authority (SCCPA), Los Angeles Department of Water and Power (LADWP), Washington Public Power Supply System (WPPSS) and Salt River Project (SRP), Intermountain Power Authority (IPA) and several other West Coast municipal utilities. During his tenure at CSFB, he structured, refinanced and issued over $3 billion in corporate, general obligation, revenue-backed, industrial development and tax-anticipation bonds. In addition to his time as a public finance banker, McDermott has also worked in private equity and as an entrepreneur. As a private equity investor, McDermott interned for Allen & Company, Inc. and Prudential’s Private Capital Group. McDermott focused on development stage energy projects, early-stage software technologies and private placements for independent power producers.
As an entrepreneur, McDermott founded several software startups and invested in numerous others. He founded, conceived, launched and ran Stamps.com, Inc. (NASDAQ: STMP). He grew the company to over 300 employees in three years, raising in excess of $400 million of debt and equity financing, negotiating major relationships with 3M, Deluxe, ZDNet, Westvaco, OfficeDepot and America Online, overseeing company business development efforts and setting corporate strategy.
McDermott holds a BA in Philosophy from Colorado College and an MBA from the Anderson School at UCLA.
Oscar Yunta is Chief Executive Officer of Cobra Concesiones, the Asset Mananagement division of Cobra Group. As HoldCo of all of Cobra Group´s infrastructure concessions (Energy, Line Transmission, Water Desalination and Treatment Plants, Industrial Facilities) this division acts as an internal investment fund overseeing all major investment decisions of our project companies. Currently Cobra Concesiones manages a portfolio of infrastructure projects of more than 5 billion dollars value in the whole world.
Yunta began his professional career at the Legal Department of Cobra Group from where he incorporated to the Financial Department. In 2006 he left the Cobra Group and was involved in the development of constructions and real estate projects. In 2011 he returned to Cobra and was appointed to lead the Concessions division in 2012. He has broad experience in the development, structuring and financing of great infrastructure projects in Europe, America and Africa.
He holds degrees in Law and Business Administration from the University Carlos III of Madrid.
Kevin Smith is Chief Executive Officer at SolarReserve where he leads the company’s efforts to develop and build large-scale solar energy projects. SolarReserve’s leading technology includes integrated energy storage that can deliver clean renewable electricity on demand, day or night. SolarReserve has more than 3,000 megawatts of projects in development across the United States and internationally.
Smith has 25 years of experience in the energy industry and has held senior executive positions in numerous successful energy companies that develop solar and wind energy projects as well as natural gas and biomass fueled electricity facilities. He has actively led the successful development, acquisition, financing and construction of energy projects that total more than 5,000 megawatts and long-term electricity sales contracts approaching $50 billion, including projects located in the United States and more than a dozen countries around the world.
Prior to joining SolarReserve at its formation in 2008, Smith was Senior Vice President at Invenergy LLC where he led the development of Invenergy Wind from a startup in 2004 to one of the largest privately owned renewable energy businesses in the world with more than $2 billion of projects in operation. Prior to Invenergy, he was President of Insight Energy and Chief Operating Officer of London-based Rolls-Royce Power Ventures.
Smith earned an MBA in Finance from the University of Chicago, a Mechanical Engineering degree from Purdue University and is a licensed Professional Engineer. In 2008, he received the Outstanding Mechanical Engineer Award from Purdue University.